Korea to boost job opportunities for Lankans in organic economy platform

The Korean SOIVA Telecom company has initiated a programme through Kolanka Group Investment (Pvt.) Limited, intending to create sustainable development in the country and job opportunities for Sri Lankans.

Kolanka Group Investment (Pvt.) Ltd is a joint venture company in Sri Lanka seeking long-term investments and ethically sound and socially sustainable business will be the key focus areas of the investments.

There are a lot of interconnected community-based activities in the projects, especially with an interest in investing in organic food production for local and international markets.

The project will involve work with different farming organisations and societies to create as many jobs as possible in the country’s organic sector.

Hence, operating with the rural community in the country will be an interesting aspect of this investment; for this they have already received the blessings of the two Venerable Chief Monks of Malwathu and Asgiriya Viharas, in Kandy.

Their main investment sectors are organic value chains and organic agriculture in Sri Lanka.

The investors have already agreed to cooperate with organic farmer groups in Dambulla to organise multi-faced high-value organic farming centres in the region; they include organic food production, eco-tourism with Ayurvedic plants and healing therapies, processing and training farmers’ and traders’ associations in the Dambulla Economic Centre. They will develop their corporation with this investment group for improving organic farming trends with farmers nationwide. Post-harvest facilities and transportation systems will be a major investment target.

The project also includes developing new organic movements in the country to provide new hopes to the younger generation for the future for the movement.

With the assistance of the Development Strategies Ministry, one acre of land will be provided for 500 farmers within a period of one month; it would be a good cooperation model for the investors to develop organic farming areas.

This investment programme has shown its strong interest to develop 100 percent purely organic sanitary pads for women and they will be distributed among the pregnant women in China and Korea. It would help reinitiating the traditional handloom industry in the villages, thus creating job opportunities for the rural women in different areas.

No sound, no heat and new tech-based Korean wind generator installation was another sector of investor concern. A 1000 MW electricity production, using the latest wind generator, was discussed between the government and investing company, which had agreed to invest in this sector as well.

The Korean technology expert group will visit Sri Lanka to find out feasible areas.

The small machinery manufacturing industry in the areas affected by war would provide as many jobs as possible to the war-affected zone. The investors have shown keen interest to bring the small machinery manufacturing industry to Sri Lanka.

The investors, together with People’s Bank, have shown interest in developing a global card system that can guarantee the salary of Sri Lankan workers living overseas.

This card system will work as the forefront of expansion of Sri Lankan economy to the world.